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Circle Internet announces plans to establish 'First National Digital Currency Bank'

2025-06-30 20:47:06

Circle Internet announces plans to establish 'First National Digital Currency Bank'

Main Idea

Circle Internet Group plans to establish a national trust bank, with its shares increasing post-market following the announcement.

Key Points

1. Circle Internet Group (NYSE:CRCL) announced plans to establish a national trust bank.

2. The company's shares increased by 2.25% post-market to $185.36 after the announcement.

3. Circle has formally submitted an application for the national trust bank.

Description

More on Circle Internet Group Shopify Vs. PayPal: Circle's USDC Momentum Is A Gamechanger For Shopify At The Expense Of PayPal Circle: How It Generates Money, Coinbase Relationship, And Why There's 50% Downside Circle Internet: Why The Genius Act Is Actually Bearish Circle Internet gets mixed Wall Street ratings as Needham says Buy, JPM goes Underweight

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CRCL USDC-USD